Ask Microeconomics Expert

Economics

A [fictional] survey shows a decrease in drug use by young people in Brooklyn. In the ensuing debate, two hypotheses for the decreased drug use are proposed: (1) increased police efforts have decreased the availability of drugs on the street and (2) pursuing drug education efforts have increased awareness of the dangers of addiction.

a) Use supply and demand diagrams to show how each of these claims is consistent with a fall in the quantity of drugs consumed.

b) You learn that the market price of illegal drugs is falling. Which hypothesis is consistent with this information on drug prices?

Related Questions in Microeconomics

Assignment 1. Perform an industry analysis for each of IBM's top market segments: services, software, and hardware. Are these attractive industries? Why or why not? 2. Looking at IBM's RCCs, can IBM gain and sustain a co ...

Assignment--Risk Management Choose one of the following topics and write a critical essay, with the word limit of 800±100, excluding references. Academic integrity: In order to ensure the academic integrity of your submi ...

Discussion "Applications and Best Practices" Please respond to the following: • Propose two applications of the knowledge that you have learned in this course to your current or a future position. Provide a rationale for ...

Assignment: Submit Research Paper Draft The research paper on the toll that alternative forms of tobacco have on the supply and demand of the tobacco industry. This would include e-vapors and e-cigs. Finding out if these ...

To begin you initial post, research one of the health profession licensing agencies in your state. Analyze and comment on the role this professional licensing group plays in the creation of policy within the profession a ...

Economics Problem Set- QUESTION 1: Sometimes goods are rationed, so people cannot buy as much as they want at the announced price. A good example is Super bowl tickets, which are sold at below market price. Suppose that ...

Fight against Obesity No unread replies.No replies. Directions: The impact of obesity is overwhelming and the numbers are staggering in relation to both co-morbidity and cost. Advance practice nurses are in an optimal po ...

Read the case "Target: From 'Expect More' to 'Pay Less'" on pages 103 to 105 of the textbook and prepare answers to the questions below. Question 1 Identify four actors in the microenvironment that haveaffected Target's ...

Assignment: Key Concepts of Economics Write a three to four page paper in which you: 1. Identify at least four key points of a relevant economic article from either the Strayer Library or a newspaper. The article must de ...

4,153,160 Questions Asked

13,132 Experts

2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses,
Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.